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Illinois Teachers Axes Equity Manager

Illinois Teachers’ Retirement System has terminated its active domestic equity manager, Mazama Capital Management.

Illinois Teachers’ Retirement System has terminated its active domestic equity manager, Mazama Capital Management, Pensions & Investments reports. The Springfield-based retirement system dropped the U.S. employee-owned investment manager due to performance.

Mazama managed $149 million of the retirement system in small-cap growth and $99 million in small-cap to midcap growth. It ran the accounts since 2003 and 2004, respectively.

Click here for the story from Pensions & Investments.

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